Everbridge (EVBG) Receives a New Rating from a Top Analyst

In a report released today, Scott Berg from Needham assigned a Buy rating to Everbridge (EVBGResearch Report), with a price target of $175.00. The company’s shares closed last Thursday at $117.98.

According to TipRanks.com, Berg is a top 100 analyst with an average return of 26.8% and a 70.9% success rate. Berg covers the Technology sector, focusing on stocks such as GTY Technology Holdings, Cornerstone Ondemand, and BigCommerce Holdings.

Currently, the analyst consensus on Everbridge is a Strong Buy with an average price target of $161.25, implying a 39.0% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Buy rating on the stock with a $180.00 price target.

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The company has a one-year high of $165.79 and a one-year low of $76.14. Currently, Everbridge has an average volume of 498.7K.

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Everbridge, Inc. engages in the development of software solutions for critical event management and enterprise safety applications that automate and accelerate an organization’s operational response to critical events. Its SaaS-based CEM platform enables customers to aggregate and assess threat data, locate people at risk and responders able to assist, automate the execution of pre-defined communications processes, and track progress on executing response plans. The company was founded by Cinta Putra and Steve Kirchmeier in 2002 and is headquartered in Burlington, MA.